GDP tends to underestimate the productive activity in the economy because it excludes the value of output from:

The interest rates paid on Treasury bills ________

A) go down in booms B) go up in recessions C) are a coincident indicator D) all of the above E) none of the above

In order to practice price discrimination, a firm must:

A. avoid detection by the government. B. have some degree of market power. C. have a homogeneous product. D. advertise their product.